Shell Nigeria awards N48m grant to young entrepreneurs
Shell Nigeria has awarded a grant of N48m to 117 young entrepreneurs from the Niger Delta who graduated from its LiveWIRE programme to either establish or expand their businesses.
Shell Nigeria has awarded a grant of N48m to 117 young entrepreneurs from the Niger Delta who graduated from its LiveWIRE programme to either establish or expand their businesses.
The company announced this in a statement on Sunday, saying the total number of beneficiaries of the youth enterprise development programme had increased to 7,913 since its inception in 2003.
Speaking at the graduation ceremony, Shell’s Country Head of Corporate Relations, Igo Weli, restated the commitment of SPDC to the development of Niger Delta youths and providing them alternative livelihood opportunities through LiveWIRE and other empowerment programmes in the wider social investment portfolio of the company.
“This is one opportunity to set you on the path of self-reliance and to be employers of labour as we have seen with previous beneficiaries of the programme many of whom are now employers with several others having also taken up the opportunity to play in SPDC’s supply chain as vendors,” Weli said.
Explaining the criteria for the selection of the beneficiaries from across the Niger Delta, SPDC’s Social Performance and Social Investment Manager, Dr Gloria Udoh, said the selection was from a pool of graduates from university or its equivalent who have credible business ideas and were able to produce a business plan.
“The 117 beneficiaries were selected from a large pool of participants who went through the entrepreneurship training; wrote their business plans and successfully pitched their business ideas. The expectation is that they will be able to successfully establish or expand their businesses and also enjoy the many linkage opportunities offered by SPDC,” Udoh said.
According to the statement, previous beneficiaries, who now run successful businesses, also inspired the graduates with their own stories towards success.
The Chief Executive Officer of De-Rabacon Plastics, Yolo Bakumor Smith, described the training as priceless, saying, “It was instrumental to using the limited resources to improvise and implementing a plan that has led me to still making profit.”
The Executive Director, Centre for Information and Development, Mrs Belema Ogbuigwe, inducted the new graduates into the Shell LiveWire Alumni group, which further enables the young entrepreneurs to enjoy mentorship from previous beneficiaries.
In the last 10 years, five Shell Nigeria LiveWIRE beneficiaries have won the LiveWIRE International “Go and Trade Enterprise Linkage Award” which enabled them to make international trade visits to the United Kingdom, the United Arab Emirates, and Ghana.
LiveWIRE beneficiaries are also able to join thousands of young entrepreneurs from all over the world who compete for the Global Shell LiveWIRE Top Ten Innovators Award which comes with huge benefits and rewards.
